Drilling cuts gold at San Antonio

The first five holes drilled on the San Antonio prospect at the Minoro project in Honduras encountered multiple intervals of gold mineralization in two separate limestone beds.

Selected intervals included: 36 metres of 0.85 gram gold per tonne plus 34 metres of 2.07 grams gold and 0.21% copper in hole 96-17; 12 metres of 1.19 grams in hole 96-18; 24 metres of 1.04 grams in hole 96-20; 28 metres of 1.53 grams in hole 96-21.

Gold and copper mineralization occurs as disseminations and in fractures within calcareous sedimentary rocks along a 900-metre, east-west-trending zone.

The Minoro gold-copper project is a joint venture between Champion Resources (CHL-V), Tombstone Explorations (TSO-T) and Mar-West Resources (MSR-V).

Champion is earning half of Tombstone’s 80% interest, while Mar-West retains a 20% working interest.

The San Antonio zone is 2 km northwest of the Tatanacho gold-copper skarn zone, which was tested by the first 16 holes of the 1996 program. Drilling is continuing at Tatanacho.

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